Summary: Dow Jones Industrial Average and major indexes climbed with an eight-day win streak for the blue-chip index. Meanwhile, Nvidia reversed lower despite a buy rating with a higher price target from Jefferies. The 10-year Treasury yield fell, oil prices rose. Key earnings reports this week are from Home Depot and Walmart.
Full articleSummary: Cisco Systems, Inc. is expected to release Q3 earnings on May 15. Some investors may be eyeing potential gains from the company's dividends, with a dividend yield of 3.33%. An investor would need to own approximately $180,225 worth of Cisco, or 3,750 shares, to generate a monthly dividend income of $500.
Full articleSummary: Intel appoints Kevin O’Buckley as the new head of its manufacturing unit, succeeding Stuart Pann who will retire after 35 years at Intel.
Full articleSummary: Comcast's stock had its "buy" rating reissued by Benchmark with a $55.00 price target, indicating a potential upside of 39.35%. Several other analysts have assigned a 'buy' or 'neutral' rating with price targets ranging from $43.00 to $55.00. The company reported better-than-expected earnings per share for the quarter, beating the consensus estimate.
Full articleSummary: Nvidia is reportedly collaborating with MediaTek to develop an Arm APU for PCs, with an anticipated completion by the end of 2024 and shipping by 2025. This venture is seen as a strategic move to tap into the emerging AI PC market which is expected to thrive in the coming years.
Full articleSummary: The market for US initial public offerings (IPOs) is opening up as more companies decide to sell shares for the first time, with a rebound from 2023's IPO slowdowns. NYSE President Lynn Martin is optimistic about the amount of proceeds raised so far and the increase in IPO activity in 2024.
Full articleSummary: Clearloop, a Silicon Ranch company, announced the completion of a 2.8 MWDC White Pine Solar Farm in Tennessee with the support of Intuit Inc. and REI Co-op, estimated to prevent over 162 million pounds of carbon emissions. Intuit and REI are committed to decarbonizing the grid and investing in renewable energy projects that benefit communities. Clearloop focuses on accelerating the development of solar projects to reduce emissions and promote economic growth in American communities.
Full articleSummary: Philip Morris International Inc. (PM) is showing strong positive momentum with its stock price reaching highest levels since July 28, 2023. The company is on a nine-day winning streak, up 5.19% over this period and posting its best nine-day stretch since April 29, 2024.
Full articleSummary: France has attracted €15 billion in investments from multinational companies across various sectors, including tech and pharmaceuticals, during President Emmanuel Macron's 'Choose France' summit. The investments will bolster France's business landscape and create over 500 jobs. The country's inward FDI stock remains behind the U.K.'s and Germany's, but France is working on enhancing its attractiveness for business.
Full articleSummary: Deep-pocketed investors have adopted a bearish approach towards Broadcom AVGO, highlighted by the significant move in options activities with 40% bullish and 45% bearish sentiment. The predicted price range targeted by whales for AVGO is $500.0 to $1700.0 over the last 3 months. Analysis of the volume and open interest of calls and puts reveals ongoing interest in Broadcom's options.
Full articleSummary: Booking Holdings, the U.S. company that owns Booking.com and other travel websites, has been added to the European Union's list of companies under heightened digital scrutiny due to its Booking.com hotel reservation site being classified as a 'core platform service' under the Digital Markets Act.
Full articleSummary: General Electric's price target was raised by JPMorgan Chase & Co. analysts, with an 'overweight' rating, pointing to a potential upside of 8.78% from the stock's previous close. Various other research reports have also been positive about GE.
Full articleSummary: BlackRock Income and Growth Investment Trust plc confirms ability to issue ordinary shares from treasury or buy back its ordinary shares until 13 June 2024
Full articleSummary: Ford has reported huge losses in its electric vehicle arm in the first quarter of 2024, leading to restructuring of its EV strategy and a reduction in battery orders. The losses on every EV sold by Ford doubled to $100,000 in this period.
Full articleSummary: Tesla was covered in a video by The Motley Fool, mentioning the stock made it to the list of 10 best stocks to buy according to Stock Advisor. Neil Rozenbaum has positions in Tesla.
Full articleSummary: Several corporations, including Microsoft, Amazon, and Pfizer, announced record investments totaling 15 million euros in France at the Choose France Summit to stimulate the country's economy and create up to 10,000 jobs.
Full articleSummary: Broadcom (AVGO) analysts have published diverse ratings ranging from bullish to bearish, with a total of 34 recent ratings highlighting an evolving sentiment. Analysts have revised price targets, with the current average rising by 14.88% compared to the previous target.
Full articleSummary: Microsoft and Amazon are investing billions in France to build AI infrastructure and support the expansion of their operations. Microsoft to invest 4 billion euros while Amazon to invest 1.2 billion euros in France.
Full articleSummary: Lockheed Martin secured a $332 million contract to produce the Guided Multiple Launch Rocket System for the Army, with an estimated completion date by Oct. 20, 2027. The GMLRS is designed to hit targets up to 70km, with plans for an extended-range variant.
Full articleSummary: Microsoft and Amazon are investing billions of dollars in France to expand their cloud and AI infrastructure, create jobs, and support the technology industry. Microsoft is committing 4 billion euros towards bringing GPUs, training people with AI skills, and supporting AI startups, while Amazon plans to invest 1.2 billion euros to create more than 3,000 jobs and expand its logistics network.
Full articleSummary: CVS Health Corp. has agreed to buy Aetna Inc. for around $69 billion, creating a health colossus that would manage care and cut costs for customers. The combined company aims to improve care management, bulk up against Amazon entering the prescription drug market, and faces decent regulatory odds due to fewer overlapping parts in their businesses.
Full articleSummary: Xenon (XENE) stock was revisited by Wall Street analysts Mohit Bansal from Wells Fargo and Needham. Both analysts maintained a Buy rating on the stock with price targets of $55.00 and $62.00 respectively. Bansal's positive outlook is driven by the company's progress in Major Depressive Disorder development plans, preclinical pipeline, alignment with FDA, and strategic approach to trial execution.
Full articleSummary: More than 90% of S&P 500 companies reported Q1 2024 earnings, resulting in mostly strong performance for the index. However, Bristol-Meyers Squibb (BMY) posted quarterly earnings leading to a significant drag on the S&P, cutting earnings growth from 8.3% to 5.4%. Health care sector's negative earnings growth impacted S&P performance, but some companies like Eli Lilly are expected to perform well in Q2.
Full articleSummary: Cisco appoints David Meads as Vice President for the Middle East, Africa, Romania, and the Commonwealth of Independent States (CIS), overseeing strategy and commercial operations.
Full articleSummary: Microsoft will invest 4 billion euros in France, focusing on the artificial intelligence sector and setting up a data centre in the city of Mulhouse.
Full articleSummary: Gold prices slipped as US Federal Reserve officials indicated holding interest rates higher for longer in 2024, with stagflation fears back in focus ahead of key US inflation data. European inflation data also to be released on Friday.
Full articleSummary: Microsoft is adding an AI feature to its Edge web browser to attract more users amidst the dominance of Chrome and Safari. The AI theme generator will allow users to create their own browser themes using a text prompter to generate images.
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